Tuesday, 23 July 2024
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Indian diaspora in Dubai extends a warm welcome to PM Modi

  • PM Modi asserted that only India is on course to meet its NDCs.
  • Prime Minister Narendra Modi argued that strong international cooperation is needed to combat climate change.
  • A total estimated investment of approximately USD 100 billion is needed for the mission.

While attending the COP28 Climate Summit in Dubai, Prime Minister Modi asserted that only India is on course to meet its National Determined Contributions.

Prime Minister Narendra Modi argued that strong international cooperation is needed to combat climate change, but that action must be taken so as not to jeopardize the Global South’s development priorities.

COP28 Climate Summit

India’s National Determined Contributions (NDCs) are on track to be met, according to Prime Minister Narendra Modi, who is also pushing for international collaboration to secure the necessary climate finance and technology transfer.

He thinks that the world must come together to address climate change as a shared challenge, even if developing nations lack the resources and technology to do so.

Mission Lifestyle for Environment (Mission LiFE), which attempts to inspire people worldwide to embrace an environmentally friendly lifestyle, is one of the many programs India has started to support sustainable lifestyle modifications and circular economy ideas. The nation has also developed the “Green Credit Initiative,” a system of voluntary, environmentally friendly actions that can effectively combat climate change.

India unveiled its National Green Hydrogen Mission in January 2023 intending to turn the country into a worldwide center for the production, use, and export of green hydrogen and its byproducts.

A total estimated investment of approximately USD 100 billion is needed for the mission, which calls for 125 GW of renewable energy and 80 GW of electrolyzer capacity. Friends in the UAE were urged by PM Modi to contribute to India‘s renewable energy sector.

India made climate action a top priority while serving as the G20 president. The nation addressed the need to quickly and significantly scale up investment and climate finance from billions to trillions of dollars worldwide from all sources.

At COP26, India made five bold promises to combat climate change: 500GW of non-fossil energy capacity by 2030; 50% of the country’s energy needs to be met by renewables by 2030; a 1 billion-ton reduction in projected carbon emissions by 2030; a 45% reduction in the economy’s carbon intensity by 2030 over 2005 levels; and a net zero emission goal by 2070.

PM Modi anticipates that the COP28 Summit will galvanize the international community to pursue the 2030 targets, notwithstanding the dire prognosis for the climate.

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